Business succession is another important inter-disciplinary area, which matters to every business owner, either now or in the future. What is required here are overall organizational, financial management, tax and legal concepts based on pragmatism.
Experience shows that although business owners would like to have a succession to their business settled, they often capitulate due to the myriad of issues that arise. They need an inter-disciplinary adviser by their side to cut a swathe through the complexity of the topic and to assist them all the way through to the signing of their will or the act of transfer.
An anticipated inheritance often involves a gift of property to the donor’s children. Here, we show our clients ways in which the donor can protect himself under civil law against unforeseeable future events (an argument with the donee child, a wish to make a different kind of disposition etc.), while at the same time optimizing the gift and income taxes.